Trusts are legal arrangements where one person (the settlor) transfers assets to another person (the trustee) to hold for the benefit of another person (the beneficiary). Trusts can be used for a variety of purposes, including tax planning, asset protection, and estate planning. In Australia, individuals and businesses benefit from our expert trustee services. We …
Introduction A testamentary trust is a trust created under an individual’s will following their death. They may be contrasted with inter vivos trusts, which are ordinary trusts created during the settlor’s lifetime. Testamentary trusts may be: simple (for example, where the legal personal representative is to hold an asset for a minor beneficiary until they …
Testamentary trusts: what are they and why are they so beneficial? Read More »
A trust is a relationship between: the trustee (who holds the legal title to trust assets for the benefit of the beneficiaries); and the beneficiaries (on whose behalf and benefit the trust assets are held). Are there different types of trusts? Yes. There are different types of trusts, for example: discretionary trusts; fixed trusts (including …
What is a trust, how are they taxed, and which one should you choose? Read More »
As an accountant, financial planner or someone with your own trust, you may wonder what Trustee lawyers in Sydney look for when rectifying a trust deed or how they go about it. Rectifying a trust deed corrects one or more mistakes in the trust deed which does not accord with the original intention of the …
As an accountant, financial planner, or someone with your own trust, you may wonder what lawyers look for when changing an appointor/principal/guardian (Consenting Party) or how they go about it. The process The process involved in changing an appointor is as follows: review the trust deed and any previous amendments, changes of trustee, or changes …
As an accountant, financial planner or someone with your own trust, you may wonder what lawyers are looking for when changing a trustee or how they go about it. The process The process involved in changing a trustee is as follows: review the original trust deed and any previous amendments, changes of trustee or changes …
As an accountant, financial planner or someone with your own trust, you may wonder what lawyers look for when amending a trust deed or how they go about it. The process The process involved in amending a trust deed is as follows: review the original trust deed and any previous amendments, changes of trustee or …
